2551 Canterbury DrRiviera BeachFL33407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Riviera Beach at 2551 Canterbury Dr, Riviera Beach, FL, 33407 uses $129,285 cash to close to unlock $7,365/yr annual cash flow and $614/mo monthly cash flow. Total monthly income runs $3,202/mo, and a $1,909/mo payment keeps the spread at $614/mo. Purchase price stands at $390,000, and rental yield measures 9.85% with $3,202/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 133.97% and total cumulative return in cash records $173,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Giles W Pottinger • VIP PROPERTY MANAGEMENT CORP
Mls Name: BeachesMLS
Mls ID: #F10546266